Trade Smart Online Vs 5Paisa

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Trade Smart Online Vs 5Paisa is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.

This comparison article also provides a video comparison between Trade Smart Online Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.

Trade Smart Online Vs 5Paisa Comparison

Trade Smart Online is a discount broker that was incorporated by VNS – a stockbroking firm that was founded in 1994. Discount brokers such as Trade Smart Online charge a fixed amount at the transaction level and are independent of the size of the transaction.

5Paisa is also a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds.

Everything about discount brokers such as 5Paisa and Trade Smart Online is Internet-based, be it – customer service, trading, account opening and so on. Since both of these brokers are discount brokers, selecting one of the two can be tedious.

At the same time, choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.

To make things easy for you, we have listed out the comparison between Trade Smart Online Vs 5Paisa to help you find which of the two suits your needs better. The comparison is made on various aspects such as:

Company Overview
Account Opening Charges
Brokerage
Exposure or Leverages
Research
Trading Platforms
Other Features

Trade Smart Online Vs 5Paisa Details

Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.

We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.



	Trade Smart Online Review	5Paisa Review
OVERVIEW
Incorporated In the Year	1994	2015
Number of branches across India	1	2
Exchanges	BSE, NSE, MCX, NCDEX, MCX-SX	BSE, NSE, MCX-SX
ACCOUNT CHARGES
Trading Account Opening Charges	₹200	₹250
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹200	₹0
Demat Account Annual Maintenance Charges	₹300	₹400
Transaction Charges	Trade Smart Online Transaction Charges	5Paisa Transaction Charges
BROKERAGE
Equity Delivery	₹15 per executed order or 0.07% depending on the plan	₹10 per executed order
Intraday Delivery	₹15 per executed order or 0.007% depending on the plan	₹10 per executed order
Equity Futures	₹15 per executed order or 0.007% depending on the plan	₹10 per executed order
Equity Options	₹15 or ₹7 per executed order depending on the plan	₹10 per executed order
Currency Futures	₹15 per executed order or 0.007% depending on the plan	₹10 per executed order
Currency Options	₹15 per executed order or 0.007% depending on the plan	₹10 per executed order
Commodity	₹15 per executed order or 0.007% depending on the plan	NA
Calculate Brokerage	Trade Smart Online Brokerage Calculator	5Paisa Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Intraday upto 30 times	Upto 15 times for Intraday & Upto 4 times for Delivery
Equity Futures	Upto 5 times	Upto 2 times for Intraday
Equity Options	Upto 5 times	Upto 2 times for Intraday
Currency Futures	Upto 3 times	Upto 2 times for Intraday
Currency Options	Upto 3 times	Upto 2 times for Intraday
Commodities	Upto 5 times	NA
Margin		5Paisa Margin
RESEARCH
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
TRADING SEGMENTS
Equity
Mutual Funds
IPOs
Currency
Commodity
CUSTOMER SERVICE OPTIONS
Email Support
Live Chat
Phone
Toll Free Number
Offline Branches
Customer Care		5Paisa Customer Care
FEATURES
Mobile Trading
Orders Accepted After Trading Hours
Charting
SMS Alerts
Robo Advisory
Automated Trading
Market Tips
Margin Funding
Relationship Managers
3 in 1 Account
Trading Platform(s)	NOW, Nest, Spin	5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App
Complaint Percentage of Active Clients	0.08%	0.06%
OVERALL RATING
	Get a Callback	Get a Callback

*NSE Complaints Percentage: Lower is this number, Better is the broker.

Before we complete this comparison, we think one quick understanding of brokerage charges is important.

Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.

Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.

Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.

Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Trade Smart Online Vs 5Paisa for the benefits of other readers?

Please feel free to share in the comments below.

Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.